Minister for Communications, Digital Technology, and Innovations, Samuel Nartey George, has sharply criticized those responsible for the AirtelTigo transaction, labeling them “enemies of the state” for selling the telecommunications company for just $1, despite its GHC 3.5 billion debt burden.
Government Inherits Massive Debt
Speaking to journalists in Parliament on March 24, Mr. George questioned the patriotism of individuals behind the deal, emphasizing the financial burden it has placed on the government.
“Those who managed the AirtelTigo process are enemies of our state… For anybody to have told us that they bought AirtelTigo for $1, and now that we have taken over, ATC (American Tower Company) alone has presented us with a bill of GHC 1.5 billion,” he stated.
He further revealed that discussions with the American Embassy confirmed AirtelTigo’s deteriorating financial situation, with liabilities exceeding GHC 3.5 billion.
Questions Over Accountability
The Minister questioned the true cost of the transaction and the lack of transparency in handling the company’s debts.
“If someone told you they bought it for $1, who is going to pay the GHC 1.3 billion that is sitting there and accumulating interest?”
The revelations have sparked concerns over accountability and the financial implications of the controversial deal, with calls for a review of the decision-making process behind the acquisition.
By: J.W Quarm.
